Phenlx
Long

CAC40 scratching on upper TRL of possible bull flag

FX:FRA40   CAC 40 index of French listed shares
21 0 3
Hey crew,

I am not actively trading CAC40 but I do like the harmonic pattern I see and also the confluences with the AB=CD patterns and also the Trend Resistance levels. It might be possible that CAC40 will rallye these days to north. Once this happens we might see a strong sell off zone (orange box) due to the confluences described.

Summarizing: Short term bullish , middle term bearish


Important: :-)
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.


Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out